Conoco Phillips (NYSE: COP) is -5.27% lower on its value in year-to-date trading and has touched a low of $101.29 and a high of $134.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COP stock was last observed hovering at around $105.28 in the last trading session, with the day’s gains setting it 4.09%.
Currently trading at $109.37, the stock is 2.70% and 0.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.04 million and changing 3.88% at the moment leaves the stock -4.77% off its SMA200. COP registered -8.22% loss for a year compared to 6-month loss of -16.01%. The firm has a 50-day simple moving average (SMA 50) of $108.6144 and a 200-day simple moving average (SMA200) of $115.1505.
The stock witnessed a -3.88% gain in the last 1 month and extending the period to 3 months gives it a -3.99%, and is 0.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 2.32% over the month.
Conoco Phillips (COP) has around 9900 employees, a market worth around $127.01B and $56.29B in sales. Current P/E ratio is 12.18 and Fwd P/E is 12.48. Profit margin for the company is 18.92%. Distance from 52-week low is 7.97% and -18.81% from its 52-week high. The company has generated returns on investments over the last 12 months (15.95%).
with sales reaching $14.51B over the same period.The EPS is expected to shrink by -7.84% this year, but quarterly earnings will post -0.80% year-over-year. Quarterly sales are estimated to shrink -2.40% in year-over-year returns.
Conoco Phillips (COP) Top Institutional Holders
2844.0 institutions hold shares in Conoco Phillips (COP), with institutional investors hold 83.64% of the company’s shares. The shares outstanding are 1.18B, and float is at 1.16B with Short Float at 1.82%. Institutions hold 83.56% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 108.92 million shares valued at $12.46 billion. The investor’s holdings represent 9.2468% of the COP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 96.95 million shares valued at $11.09 billion to account for 8.2308 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.27 million shares representing 4.7767% and valued at over $6.44 billion, while JPMORGAN CHASE & CO holds 3.7456 of the shares totaling 44.12 million with a market value of $5.05 billion.
Conoco Phillips (COP) Insider Activity
The most recent transaction is an insider sale by LEACH TIMOTHY A, the company’s Director. SEC filings show that LEACH TIMOTHY A sold 55,500 shares of the company’s common stock on Aug 13 ’24 at a price of $108.11 per share for a total of $6.0 million. Following the sale, the insider now owns 0.46 million shares.
Still, SEC filings show that on Mar 25 ’24, Olds Nicholas G (Executive Vice President) disposed off 12,150 shares at an average price of $126.44 for $1.54 million. The insider now directly holds 14,522 shares of Conoco Phillips (COP).
